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Investing/Strategies / Retirement Investing
|Subject: Re: Don't worry about boomers killing the market||Date: 8/2/2006 9:56 AM|
|Author: Hawkwin||Number: 52904 of 74001|
"This is because the "large majority" of boomers have few financial assets to sell
I am not buying that arguement. I would like to see their specifics (I no longer get the WSJ so I can't verify this).
They may not have individual stocks to sell but they most definately have "assets" to sell; whether that is in a 401K, and 403B, or a pension.
The overwhelming majority of money I manage is in the hands of boomers and folks that are older.
The reason I personally think we will not have to worry about them crashing the market is because (as for example) most of the ones I work with, don't need to cash out immediately at retirement. They may need to reduce their stock holdings but they still need to keep some for growth.
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